Sahara AI, a decentralized AI blockchain platform, announced the successful completion of a $43 million financing. The financing was led by Binance Labs, Pantera Capital and Polychain Capital, and attracted participation from Samsung, Matrix Partners, Siam Commercial Bank of Thailand, dao5, Alumni Ventures, Geekcartel, Nomad Capital, Mirana Ventures, Foresight Ventures and other top global investment institutions.
At the same time, leading figures in the AI industry and academia have also joined in to support Sahara AI, including Laksh Vaaman Sehgal, vice chairman of the Motherson Group, Rohan Taori, scientist at Anthropic, the developer of the Claude large language model, Vipul Prakash, CEO of Together AI, co-founder of Nous Research, Teknium, and Elvis Zhang, founding member of Midjourney.
Sahara AI was founded by Sean Ren, AI professor and Viterbi Center chairman at the University of Southern California, and Tyler Zhou, former Binance Labs investment director. Since April 2023, Sahara AI has achieved rapid development and has now collaborated with and gained the trust of more than 35 leading technology companies and research institutions including Microsoft, Amazon, MIT, Motherson Group and Snap.
“Binance Labs is committed to empowering teams with the potential to create disruptive technology solutions and supporting Web3 founders who can make a lasting impact,” said Yi He, co-founder of Binance and head of Binance Labs. “We look forward to Sahara AI taking the lead in building a decentralized AI blockchain platform to reshape the future of AI, making it more transparent, secure, and accessible to everyone.”
As AI becomes more widely used and its capabilities increase, issues regarding copyright, privacy, resource access, and economic imbalances are becoming increasingly prominent. Stakeholders, including users, data contributors, model creators, and AI application developers, are seeking solutions to ensure their ownership and fair distribution of benefits for their contributions. To empower everyone to better participate in and own the future of AI, Sahara Labs is launching a blockchain-based AI platform that provides users and developers with secure control and "copyright" protection for their AI assets, including private data, models, and AI agents. In its open, transparent, and inclusive emerging AI economy, all participants' contributions will receive fair ownership and benefits.
“Since our founding, our goal has been to create an ethical, transparent, and accessible AI future through AI sovereignty and open technology,” said Sean Ren, co-founder of Sahara Labs. “With the help of our renowned investors and partners, this round of funding demonstrates the necessity of building a strong decentralized provenance infrastructure in today’s rapidly evolving AI era.”
The funding will help Sahara Labs expand its global team, improve the performance of its AI blockchain, and accelerate the construction of its developer ecosystem.
For more information, visit Saharalabs.ai, subscribe to the Sahara AI blog, or follow @SaharaLabsAI.
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